American Bitcoin Corp. (NASDAQ:ABTC) Short Interest Down 90. 5% in July
American Bitcoin Corp. (NASDAQ:ABTC - Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,428,366 shares, a drop of 90. 5% from the June 30th total of 25,690,064 shares. Based on an average daily trading volume, of 2,619,600 shares, the days-to-cover ratio is presently 0. 9 days. Currently, 3. 5% of the company's shares are sold short.
American Bitcoin Corp. (NASDAQ:ABTC-Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,428,366 shares, a decrease of 90. 5% from the June 30th total of 25,690,064 shares. Approximately 3. 5% of the shares of the stock are sold short. Based on an average trading volume of 2,619,600 shares, the days-to-cover ratio is presently 0. 9 days. GetAmerican Bitcoinalerts:Institutional Investors Weigh In On American BitcoinThe Great Pivot: Bitcoin Miners Are Becoming AI’s LandlordsA number of hedge funds have recently made changes to their positions in ABTC. Spartan Wealth Advisory Services LLC purchased a new stake in American Bitcoin during the first quarter valued at about $160,000. Procyon Advisors LLC increased its stake in shares of American Bitcoin by 310. 1% in the first quarter. Procyon Advisors LLC now owns 103,500 shares of the company's stock worth $96,000 after purchasing an additional 78,264 shares in the last quarter. Hunter Associates Investment Management LLC purchased a new position in shares of American Bitcoin in the first quarter worth about $117,000. Forty three Eighteen Advisors LLC bought a new stake in shares of American Bitcoin in the fourth quarter valued at approximately $34,000. Finally, Aristides Capital LLC bought a new stake in shares of American Bitcoin in the fourth quarter valued at approximately $200,000. 10. 21% of the stock is currently owned by institutional investors. American Bitcoin Stock Down 6. 2%ABTCtraded down $0. 38 during trading on Friday, hitting $5. 72. The company's stock had a trading volume of 1,412,926 shares, compared to its average volume of 1,059,176. American Bitcoin has a twelve month low of $5. 04 and a twelve month high of $217. 80. The stock's fifty day moving average price is $11. 17 and its 200-day moving average price is $15. 83. The firm has a market capitalization of $405. 55 million, a P/E ratio of -0. 76 and a beta of 3. 81. American Bitcoin (NASDAQ:ABTC-Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($1. 20) earnings per share for the quarter, missing analysts' consensus estimates of $0. 15 by ($1. 35). American Bitcoin had a negative return on equity of 29. 72% and a negative net margin of 69. 42%. The firm had revenue of $62. 12 million for the quarter, compared to analyst estimates of $74. 85 million. Wall Street Analyst Weigh InSeveral equities research analysts recently issued reports on the stock. Maxim Group set a $15. 00 price target on shares of American Bitcoin and gave the company a "buy" rating in a report on Tuesday. Zacks Research raised shares of American Bitcoin from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Finally,Weiss Ratingsrestated a "sell (d)" rating on shares of American Bitcoin in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45. 00. Check Out Our Latest Stock Report on American BitcoinAbout American Bitcoin(Get Free Report)Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp. , is based in DENVER. Further ReadingFive stocks we like better than American BitcoinAMD and Cerbras Create A New Blueprint For HardwareIntel Earnings Reveal Whether the Chip Selloff Created a BuyCrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the TestPlugging In: How Kinder Morgan Powers Up ProfitsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Should You Invest $1,000 in American Bitcoin Right Now?Before you consider American Bitcoin, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and American Bitcoin wasn't on the list. While American Bitcoin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereDiscover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets. Get This Free Report